3045 Pepperell PkwyOpelika, AL 36801

Property Details for 3045 Pepperell Pkwy

Year built

2024

Lot size

0.84 AC

Property size (Sq ft)

2,089 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,089 square-foot Valvoline store, constructed in 2024, located at 3045 Pepperell Pkwy, Opelika, Alabama (zip code 36801). The property sits on a 0.84-acre lot and benefits from a 15-year triple-net (NNN) ground lease with a corporate guarantee, commencing August 28, 2023, and expiring August 27, 2038. The lease includes four five-year renewal options, with a 10% rent increase every five years. The asking price is $1,368,421, representing a cap rate of 4.75% and a price per square foot of $655.06. The property boasts a current NOI of $65,000 and 100% occupancy. This prime location on Pepperell Parkway sees over 23,000 vehicles daily and is surrounded by numerous national retailers, including Walmart, Pizza Hut, and Walgreens. The strong demographics further enhance this investment, with an average household income of $74,465 within a three-mile radius and a population exceeding 81,000 within a five-mile radius. This presents a compelling opportunity for investors seeking a passive income stream with a financially stable tenant and a long-term lease. The property is a single-story building.

Location Insight

City

Opelika

County

Lee

State

Alabama

Latitude

32.635

Longitude

-85.424

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